“ArcPacific”) (TSX-V: ACP) announces that ArcPacific and Nexgeo Inc. (“ Nexgeo”) have agreed, subject to approval of the TSX Venture Exchange, that ArcPacific will acquire Nexgeo’s 13% interest in the Lucky Mike Project (the “Project”) in exchange for 774,583 common shares of the Company (the “ Assi
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Vancouver, British Columbia – February 21, 2018 – ArcPacific Resources Corp. (the “ Company” or
“ArcPacific”) (TSX-V: ACP) announces that ArcPacific and Nexgeo Inc. (“ Nexgeo”) have agreed, subject to
approval of the TSX Venture Exchange, that ArcPacific will acquire Nexgeo’s 13% interest in the Lucky Mike
Project (the “Project”) in exchange for 774,583 common shares of the Company (the “ Assignment Agreement”)
at a deemed price of $0.06 per share.
Further to the news release dated Oct ober 2, 2017, ArcPacific will acquire the 13% interest bringing it to a 44%
interest in the Project. The transaction is subject to any required regulatory approval and all shares issued will
have a four month hold period.
About Nexgeo
Nexgeo is a Korean consulting company established in 2001 and is one of the leading consulting companies in the
exploration and development of mine ral resources and geoengineering in Korea. Nexgeo provides consulting
services in the development of mineral resources, geo-information systems and groundwater development, and site
investigations for the design of civil structures, including tunnels, dams and nuclear power plants.
Recently, Nexgeo has been engaged in the development of deep-well geothermal power generation in non-volcanic
regions, which is the first project of its type in Asia.
About ArcPacific
ArcPacific is a Canadian-based company seeking mineral properties with strong exploration potential.
Although the Company’s primary business has been the exploration of mineral properties, it will consider
other opportunities that offer the potential for near term cash flow. For further information about the Company,
please visit http://www.arcpacific.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Collin Kim”
Director
The forward-looking statements contained in this press release are made as of the date hereof and ArcPacific Resources
Corp. undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.